Barings launches equity hedge fund

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BARING Asset Management has launched a fifth long/short equity hedge fund targeting annual returns in excess of 20pc, with a maximum volatility of 20pc.

The Emerging Markets Absolute Return fund, launched with $20m under management, is one of the first long/short emerging market quantitative funds to be made available to investors. The fund offers institutional and professional investors a quantitative investment strategy based stock return forecast model, developed by fund manager and head of quantitative analysis at Barings, Marlies van Boven. It invests in the 17 largest emerging markets across Asia, Latin America and EMEA. van Boven commented: With an investment universe of over 900 stocks, it is challenging for any manager to track...

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